Wednesday -- 100% Stocks, No Brainer

S&P E-mini Futures:
Continuation of yesterday's bounce.

News:
One day after "The next 1000-point down day is coming" headlined at Marketwatch.com...

Why 100% of your investment portfolio should be in stocks

While discussing the merits of buy & hold investing (without mentioning the sideways period from 1966-1982 or 2000-2013 or Japanese equities from 1989-present), this gem also appeared:

"A promise of being kept whole with the possibility of upside like that makes a long-term bet in stocks a no-brainer."

All this and an image of a roller coaster set to plunge. A hilarious mash up of mixed social mood at its best.

Not to be outdone, Bloomberg has presented this beauty.

The Case for Buying a Home You Can't Afford

Because real estate always goes up, right?

FX:
Quiet so far. USD digesting recent gains.

Treasuries:
Consistent pattern in 2s-30s -- prices rising on lighter volume

Energy:
WTI crude down, NG Up.

Metals:
Gold, silver, and copper flat +/-.

S&P Outlook:
Maybe it's the juicy gap at 2099.20 or the green action in Europe or China reporting another set of really bad econ data, but futures indicate a higher open. Doing so may allow the cash S&P to close off the downward impulse potential. Yet there could still be lower prices...for a buy set up.

In other words, the wave 2 scenario presented yesterday is looking better and better.